O-2713-3-08ORDINANCE NO. 2713-3-08
' AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AMENDING ORDINANCE NO. 2580-12-06 BY AMENDING THE
BOUNDARIES OF TAX INCREMENT FINANCING REINVESTMENT ZONE NO.2
("CENTRAL BUSINESS DISTRICT"); CONTAINING FINDINGS; PROVIDING A
SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council by Ordinance No. 2580.12-06 created Tax Increment Financing Reinvestment
Zone No. 2 ("Central Business District') to promote the development or redevelopment of the area, as
authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code (the "Act"); and,
WHEREAS, in compliance with the Act, the City called a public hearing to receive public comments on the
creation of the proposed Reinvestment Zone and its benefits to the City and the property in the proposed
Reinvestment Zone; and,
WHEREAS, in compliance with the Act, the City Council notified the governing body of each taxing unit
that levies real property taxes within the proposed Reinvestment Zone of its intent to establish the
Reinvestment Zone; and,
WHEREAS, the City Council desires to amend the boundaries of Tax Increment Financing Reinvestment Zone
No. 2 ("Central Business Districts by deleting the parcels identified in Exhibit "A," and as depicted in Exhibits
"B" and "C," attached hereto and made a part hereof for all purposes;
' NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this Ordinance and contained in
Ordinance No. 2580-12-06 are hereby found and declared to be true and correct.
SECTION 2. Ordinance No. 2580-12-06 be and the same is hereby amended by amending the boundaries
of Tax Increment Financing Reinvestment Zone No. 2 ("Central Business District') by deleting and omitting
the parcels identified in Exhibit "A," and as depicted in Exhibits "B" and "C," attached hereto and made a
part hereof for all purposes, from the boundaries of Tax Increment Financing Reinvestment Zone No. 2. The
boundaries of Tax Increment Financing Reinvestment Zone No. 2 ("Central Business District) shall hereafter
be as set forth in Ordinance No. 2580-12-06 as amended herein by excluding the parcels identified in Exhibit
'A."
SECTION 3. All Ordinances of the City of Allen, Collin County, Texas, in conflict with the provisions of
this Ordinance be, and the same are hereby, repealed; provided, however, that Ordinance No. 2580-12-06 and
all other provisions of said Ordinances not in conflict with the provisions of this Ordinance shall remain in
full force and effect, except as amended herein.
SECTION 4. If any section, paragraph, clause or provision of this Ordinance shall for any reason be held
invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision
shall not affect any of the remaining provisions of this Ordinance.
SECTIONS. This Ordinance shall take effect upon its passage and the publication of the caption, as the
law and charter in such cases provide.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
' COUNTY, TEXAS, ON THIS THE 11TH DAY OF MARCH, 2008
APPROVED:
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Ste ea errell, D YOR
APPROVED AS TO FORM: ATTEST:
Peter .Smith, CITY TTORNEY Shelley B. Geo RMC, CITY SE TARY
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